MERLIN Properties Annual Report 2021

22 | Annual Report | 2021 OCCUPANCY Stock G.L.A. of MERLIN as of 31 st December 2021 amounts to 3,385,492 sqm. Stock as of 31 st December 2020 amounted to 3,313,314 sqm, resulting in a net increase of the stock during the period of 72,178 sqm. Occupancy rate as of 31 st December 2021 is 94.5% (1) 31/12/2021 31/12/2020 Change YTD Bps Offices Total G.L.A. (sqm) (1) 1,204,049 1,191,825 G.L.A. occupied (sqm) 1,084,664 1,085,511 Occupancy rate (%) 90.1% 91.1% (99) Shopping centers Total G.L.A. (sqm) 461,474 461,714 G.L.A. occupied (sqm) 432,692 426,134 Occupancy rate (%) (2) 94.2% 93.7% +47 Logistics Total G.L.A. (sqm) 1,368,078 1,221,716 G.L.A. occupied (sqm) 1,328,048 1,191,574 Occupancy rate (%) 97.1% 97.5% (46) Net leases Total G.L.A. (sqm) 287,053 350,542 G.L.A. occupied (sqm) 287,053 349,509 Occupancy rate (%) 100.0% 99.7% +29 Other Total G.L.A. (sqm) 64,838 87,517 G.L.A. occupied (sqm) 63,107 63,107 Occupancy rate (%) 97.3% 72.1% +2,522 MERLIN Total G.L.A. (sqm) 3,385,492 3,313,314 G.L.A. occupied (sqm) 3,195,564 3,115,835 Occupancy rate (%) (2) 94.5% 94.2% +21 (1) Excluding buildings under complete refurbishment. Buildings excluded this period are Plaza Ruiz Picasso, Plaza Cataluña 9, Pere IV, Atica 1, PE Cerro Gamos 1, 2, 3 & 4, PE Atica XIX D and Adequa 4 & 7 (2) Excluding vacant units acquired under refurbishment (2,226 sqm in FY21 and 7,162 sqm in FY20)